Care sector consultancy Fulcrum Care has won Best Turnaround of the Year at the Turnaround, Restructuring & Insolvency (TRI) Awards.
Fulcrum won the award for devising a sustainable and profitable business model for a Kent-based care home group by transforming an unused facility to support other local health services during the pandemic, while protecting the most vulnerable and providing a better quality of life for its residents.
The consultancy celebrated its fifth year in May, having helped over 150 care homes meet up-to-date compliance targets and improve their ratings following the pandemic. This included saving over 16 care homes from closure.
Tony Thiru, CEO of Fulcrum Care, said: “Winning this against the likes of EY and PwC is about the importance of the care sector being recognised increasingly and its far reaching impact in our society. We've shown it is possible to turn around care businesses, and the positive impact it has on the bottom line is just scratching the surface as the benefits to people impacted (residents, families, staff and the local community) is probably incalculable.
“Every turnaround is unique and our team possesses a wealth of knowledge and experience to handle each type of situation, restoring businesses’ profitability, safeguarding clients’ positions and ensuring the best quality of care for residents. It is great to have our commitment and hard work of supporting health services during the pandemic acknowledged.”
